Outokumpu

Corporate Governance

REGULATORY FRAMEWORK

The Group's parent company, Outokumpu Oyj, is a public limited liability company incorporated
and domiciled in Finland. In its corporate governance and management, Outokumpu Oyj
complies with Finnish legislation, the Company’s Articles of Association and the Corporate
Governance Policy resolved and approved by the Board of Directors. Outokumpu follows the Finnish
Corporate Governance Code, which was published on October 20, 2008 by the Securities Market
Association and approved by the NASDAQ OMX Helsinki to be a part of their regulations. As one
exception to this code, Outokumpu has both a Board Nomination and Compensation Committee
and a Shareholders’ Nomination Committee appointed by the Annual General Meeting of Shareholders. Furthermore, Outokumpu complies with the other regulations and
recommendations issued by the NASDAQ OMX Helsinki.

Articles of Association